A Business at a Glance
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Installed Building Products, Inc.
IBP
$6.2B
Mkt Cap
$227.43
+2.04%
Installed Building Products, Inc. (IBP) has a current P/E ratio of 23.4, compared to its historical median P/E of 27.7. The stock is currently considered Fair based on its historical valuation range.
Installed Building Products, Inc. (IBP) has a 5-year average return on invested capital (ROIC) of 26.2%. This indicates strong capital allocation and a potential competitive advantage.
Installed Building Products, Inc. (IBP) has a market capitalization of $6.1B. It is classified as a mid-cap stock.
Yes, Installed Building Products, Inc. (IBP) pays a dividend with a trailing twelve-month yield of 1.46%. The company also returns capital through share buybacks, with a buyback yield of 2.67%.
Based on historical P/E analysis, Installed Building Products, Inc. (IBP) appears fair. The current P/E of 23.4 is 15% below its historical median of 27.7. The estimated fair value CAGR (P/E method) is 29.8%.
Installed Building Products, Inc. (IBP) operates in the General Bldg Contractors - Residential Bldgs industry, within the Industrials sector.
OUR COMPANY Installed Building Products, Inc. (“IBP”) and its wholly-owned subsidiaries (collectively referred to as the “Company” and “we,” “us” and “our”) primarily install insulation for residential and commercial builders located in the continental United States. We are also a diversified installer of complementary building products including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products. We offer our portfolio of services from our national network of approximately 250 branch locations serving all 48 continental states and the District of Columbia. In addition, we have regional distribution operations that serve the Midwest, Mountain West, Northeast and Mid-Atlantic regions of the United States, and we operate multiple cellulose manufacturing facilities.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | -24M | 3.0B | 2.9B | 2.8B | 2.7B | 2.0B |
| Net Income | 255M | 265M | 257M | 244M | 223M | 119M |
| EPS | $9.40 | $9.71 | $9.10 | $8.61 | $7.74 | $4.01 |
| Free Cash Flow | 315M | 301M | 251M | 279M | 232M | 101M |
| ROIC | 31.9% | 24.5% | 25.7% | 32.4% | 28.2% | 20.4% |
| Gross Margin | - | 34.0% | 33.8% | 33.5% | 31.0% | 29.9% |
| Debt/Equity | 1.60 | 1.39 | 1.38 | 1.41 | 1.90 | 2.24 |
| Dividends/Share | $3.32 | $3.18 | $3.00 | $2.22 | $2.16 | $1.20 |
| Operating Income | 374M | 386M | 383M | 369M | 345M | 188M |
| Operating Margin | 0.0% | 13.0% | 13.0% | 13.3% | 12.9% | 9.5% |
| ROE | 38.2% | 37.5% | 37.3% | 41.9% | 49.1% | 32.3% |
| Shares Outstanding | 27M | 27M | 28M | 28M | 29M | 30M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 518M | 663M | 863M | 1.1B | 1.3B | 1.5B | 1.7B | 2.0B | 2.7B | 2.8B | 2.9B | 3.0B | -24M |
| Gross Margin | 27.0% | 28.4% | 29.3% | 28.6% | 27.8% | 28.8% | 30.8% | 29.9% | 31.0% | 33.5% | 33.8% | 34.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 81M | 99M | 125M | 164M | 186M | 214M | 238M | 272M | 336M | 385M | 425M | 437M | 439M |
| EBIT | 26M | 45M | 66M | 74M | 93M | 121M | 162M | 188M | 345M | 369M | 383M | 386M | 374M |
| Op. Margin | 4.9% | 6.8% | 7.7% | 6.6% | 7.0% | 8.0% | 9.8% | 9.5% | 12.9% | 13.3% | 13.0% | 13.0% | 0.0% |
| Net Income | -6.0M | 27M | 38M | 41M | 55M | 68M | 97M | 119M | 223M | 244M | 257M | 265M | 255M |
| Net Margin | -1.2% | 4.0% | 4.5% | 3.6% | 4.1% | 4.5% | 5.9% | 6.0% | 8.4% | 8.8% | 8.7% | 8.9% | 0.0% |
| Non-Recurring | 460K | 409K | 254K | 492K | 1.1M | 140K | 786K | 1.8M | 1.4M | 1.9M | 1.9M | 1.6M | 1.6M |
| Returns on Capital | |||||||||||||
| ROIC | 36.1% | 16.8% | 16.3% | 14.5% | 14.1% | 15.0% | 18.3% | 20.4% | 28.2% | 32.4% | 25.7% | 24.5% | 31.9% |
| ROE | -58.4% | 25.7% | 28.6% | 22.6% | 27.9% | 31.5% | 34.2% | 32.3% | 49.1% | 41.9% | 37.3% | 37.5% | 38.2% |
| ROA | -2.8% | 8.7% | 9.2% | 6.9% | 7.0% | 7.0% | 8.5% | 8.4% | 13.0% | 13.0% | 12.7% | 12.9% | 11.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 20M | 35M | 73M | 69M | 97M | 123M | 181M | 138M | 278M | 340M | 340M | 371M | 382M |
| Free Cash Flow | 13M | 7.2M | 46M | 37M | 61M | 73M | 147M | 101M | 232M | 279M | 251M | 301M | 315M |
| Owner Earnings | 7.1M | 15M | 48M | 34M | 55M | 75M | 131M | 83M | 220M | 275M | 265M | 289M | 298M |
| CapEx | 6.2M | 27M | 27M | 32M | 35M | 50M | 34M | 37M | 46M | 62M | 89M | 71M | 67M |
| Maint. CapEx | 12M | 17M | 24M | 28M | 33M | 39M | 39M | 41M | 44M | 49M | 55M | 61M | 63M |
| Growth CapEx | 0 | 10M | 3.4M | 3.4M | 1.9M | 11M | 0 | 0 | 1.2M | 12M | 33M | 9.2M | 4.5M |
| D&A | 12M | 17M | 24M | 28M | 33M | 39M | 39M | 41M | 44M | 49M | 55M | 61M | 63M |
| CapEx/OCF | 31.5% | 79.0% | 36.9% | 46.0% | 36.5% | 40.8% | 18.6% | 26.7% | 16.4% | 18.1% | 26.1% | 19.0% | 17.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35M | 63M | 63M | 85M | 88M | 90M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.1% | 2.5% | 1.8% | 1.4% | 1.5% | 1.5% |
| Share Buybacks | 5.3M | 6.1M | 0 | 0 | 89M | 0 | 34M | 0 | 138M | 6.3M | 145M | 173M | 164M |
| Buyback Yield | 1.1% | 0.9% | N/A | N/A | 9.2% | N/A | 1.2% | N/A | 6.0% | 0.1% | 3.0% | 2.4% | 2.7% |
| Stock-Based Comp | 300K | 2.1M | 1.9M | 6.6M | 7.8M | 8.7M | 11M | 14M | 14M | 16M | 19M | 22M | 21M |
| Debt Repayment | 1.1M | 4.1M | 5.8M | 10M | 14M | 21M | 157K | 7.5M | 600K | 500K | 1.5M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 16M | 116M | 137M | 255M | 354M | 399M | 387M | 341M | 363M | 214M | 346M | 384M | 204M |
| Cash & Equiv. | 11M | 6.8M | 14M | 63M | 90M | 178M | 232M | 333M | 230M | 387M | 328M | 322M | 867M |
| Long-Term Debt | 25M | 113M | 134M | 331M | 432M | 545M | 542M | 832M | 830M | 835M | 842M | 850M | 1.0B |
| Debt/Equity | 0.29 | 1.08 | 0.98 | 1.65 | 2.49 | 2.46 | 1.94 | 2.24 | 1.90 | 1.41 | 1.38 | 1.39 | 1.60 |
| Interest Coverage | 8.1 | 12.0 | 10.7 | 4.3 | 4.5 | 4.3 | 5.3 | 5.7 | 8.3 | 10.0 | 10.4 | 12.2 | 748.4 |
| Equity | 92M | 114M | 154M | 211M | 182M | 250M | 319M | 417M | 494M | 670M | 705M | 710M | 668M |
| Total Assets | 234M | 374M | 462M | 739M | 835M | 1.1B | 1.2B | 1.7B | 1.8B | 2.0B | 2.1B | 2.1B | 2.2B |
| Total Liabilities | 142M | 259M | 308M | 528M | 652M | 849M | 868M | 1.2B | 1.3B | 1.3B | 1.4B | 1.4B | 1.6B |
| Intangibles | 18M | 67M | 86M | 138M | 150M | 154M | 171M | 264M | 283M | 269M | 271M | 262M | 267M |
| Retained Earnings | -58M | -31M | 7.3M | 48M | 105M | 173M | 269M | 353M | 513M | 694M | 866M | 1.0B | 1.0B |
| Working Capital | 43M | 53M | 62M | 195M | 230M | 368M | 387M | 552M | 556M | 724M | 696M | 698M | 820M |
| Current Assets | 119M | 150M | 192M | 355M | 412M | 582M | 624M | 859M | 884M | 1.1B | 1.1B | 1.0B | 1.2B |
| Current Liabilities | 77M | 97M | 130M | 160M | 182M | 214M | 236M | 308M | 328M | 346M | 359M | 344M | 350M |
| Per Share Data | |||||||||||||
| EPS | -0.20 | 0.85 | 1.23 | 1.30 | 1.75 | 2.28 | 3.27 | 4.01 | 7.74 | 8.61 | 9.10 | 9.71 | 9.40 |
| Owner EPS | 0.24 | 0.50 | 1.53 | 1.07 | 1.77 | 2.52 | 4.40 | 2.82 | 7.61 | 9.72 | 9.40 | 10.56 | 11.05 |
| Book Value | 3.08 | 3.67 | 4.93 | 6.65 | 5.83 | 8.36 | 10.73 | 14.07 | 17.10 | 23.68 | 25.01 | 25.97 | 24.78 |
| Cash Flow/Share | 0.66 | 1.11 | 2.34 | 2.17 | 3.09 | 4.12 | 6.08 | 4.67 | 9.63 | 12.02 | 12.06 | 13.59 | 11.78 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 1.20 | 2.16 | 2.22 | 3.00 | 3.18 | 3.32 |
| Shares Out. | 29.8M | 31.2M | 31.2M | 31.6M | 31.3M | 29.9M | 29.7M | 29.6M | 28.9M | 28.3M | 28.2M | 27.3M | 26.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 26.7 | 30.6 | 54.0 | 17.7 | 27.9 | 29.6 | 32.3 | 10.3 | 20.9 | 18.8 | 27.5 | 24.2 |
| P/FCF | 36.5 | 97.8 | 25.4 | 59.9 | 15.8 | 26.1 | 19.6 | 37.9 | 9.9 | 18.3 | 19.2 | 24.3 | 19.5 |
| EV/EBIT | 19.8 | 18.3 | 19.9 | 33.4 | 14.2 | 18.6 | 18.6 | 21.6 | 7.9 | 14.1 | 13.3 | 19.6 | 16.9 |
| Price/Book | 5.3 | 6.2 | 7.6 | 10.6 | 5.3 | 7.6 | 9.0 | 9.2 | 4.7 | 7.6 | 6.9 | 10.3 | 9.2 |
| Price/Sales | 0.7 | 1.0 | 1.0 | 1.4 | 1.1 | 1.0 | 1.3 | 1.7 | 0.9 | 1.2 | 2.1 | 1.9 | N/A |
| FCF Yield | 2.7% | 1.0% | 3.9% | 1.7% | 6.3% | 3.8% | 5.1% | 2.6% | 10.1% | 5.5% | 5.2% | 4.1% | 5.1% |
| Market Cap | 491M | 708M | 1.2B | 2.2B | 968M | 1.9B | 2.9B | 3.8B | 2.3B | 5.1B | 4.8B | 7.3B | 6.1B |
| Avg. Price | 12.89 | 21.33 | 28.96 | 50.89 | 48.75 | 50.37 | 70.77 | 111.29 | 87.40 | 121.61 | 216.21 | 209.55 | 227.43 |
| Year-End Price | 16.45 | 22.70 | 37.64 | 70.22 | 30.93 | 63.65 | 96.86 | 129.61 | 80.06 | 180.05 | 171.34 | 267.20 | 227.43 |
Installed Building Products, Inc. passes 7 of 9 quality checks, indicating strong fundamentals.
Installed Building Products, Inc. trades at 23.4x trailing earnings, compared to its 15-year median P/E of 27.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 20.4x vs a median of 21.9x. The company's 5-year average ROIC is 26.2% with a gross margin of 32.4%. Total shareholder yield (dividends + buybacks) is 4.1%. At current prices, the estimated annualized return to fair value is +27.9%.
Installed Building Products, Inc. (IBP) reported annual revenue of $3.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Installed Building Products, Inc. (IBP) has a net profit margin of 8.9%. This is a modest margin.
Installed Building Products, Inc. (IBP) generated $301 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Installed Building Products, Inc. (IBP) has a debt-to-equity ratio of 1.39. This indicates moderate leverage.
Installed Building Products, Inc. (IBP) reported earnings per share (EPS) of $9.71 in its most recent fiscal year.
Installed Building Products, Inc. (IBP) has a return on equity (ROE) of 37.5%. This indicates the company generates strong returns for shareholders.
Installed Building Products, Inc. (IBP) has a 5-year average gross margin of 32.4%. This indicates decent pricing power.
The Ledger Terminal provides 14 years of financial data for Installed Building Products, Inc. (IBP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Installed Building Products, Inc. (IBP) has a book value per share of $25.97, based on its most recent annual SEC filing.